Vikas Lifecare is currently trading at Rs. 5.86, up by 0.69 points or 13.35% from its previous closing of Rs. 5.17 on the BSE.
The scrip opened at Rs. 5.24 and has touched a high and low of Rs. 6.08 and Rs. 5.24 respectively. So far 38055399 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 7.05 on 12-Sep-2023 and a 52 week low of Rs. 2.66 on 24-May-2023.
Last one week high and low of the scrip stood at Rs. 6.08 and Rs. 4.91 respectively. The current market cap of the company is Rs. 856.86 crore.
The promoters holding in the company stood at 11.40%, while Institutions and Non-Institutions held 0.02% and 88.58% respectively.
Vikas Lifecare has acquired a new land piece measuring about 1800 Sq. Mtr. adjoining to the existing factories located at RIICO Industrial Area, Shahjahanpur, Rajasthan, for the purpose of capacity expansion and augmentation of manufacturing operations for company’s conventional business of Polymer & Rubber Compounds.
The total cost of acquisition and development of the land and the building there on will be about Rs 3 crore, whereas the equipment for the expansion of production capacity will cost another Rs 23 crore. The new expansion will be ready to be utilized within the next 3 to 4 Months and is expected to add an additional Rs 60 crore to the gross revenues from the compounding business segment.
Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.
Company Name | CMP |
---|---|
Rain Industries | 167.60 |
TN Petro Products | 83.65 |
Agarwal Indl. Corp | 915.75 |
Vikas Lifecare | 5.04 |
Kothari Petrochem | |
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